United Kingdom: Consumer Credit

On 1 August 2025, the UK Supreme Court delivered its judgment in the conjoined cases of Hopcraft v Close Brothers Limited...

On 14 July 2025, the FSMA (Regulated Activities etc) (Amendment) Order 2025 (the "DPC Legislation") brought unregulated deferred payment credit ("DPC") within the UK Financial Conduct Authority's ("FCA") remit.

On 1 August, the Supreme Court gave its eagerly anticipated ruling in Johnson v FirstRand Bank Ltd, Wrench v FirstRand Bank Ltd and Hopcraft v Close Brothers Ltd [2025] UKSC 33.

Read on to understand the key arguments made by the parties and interveners in the Supreme Court hearing of the motor finance commission appeal...

Under the Digital Markets, Competition and Consumers Act 2024, there is an increased emphasis on ensuring that pricing is accurate and does not mislead.

Following consultation, the UK government has laid before parliament the Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025...

From 31 July 2024, the Consumer Duty applies to all financial products, impacting retailers offering credit. Key compliance areas include ensuring product suitability, fair pricing, transparent customer information, and robust support, especially for vulnerable customers.

The Financial Conduct Authority (FCA) has published the results of its multi-firm review on how firms treat politically exposed persons (PEPs) when carrying out anti-money laundering checks.

The UK's King's Speech highlighted new policies affecting businesses, including updates for the financial services sector. The Payment Systems Regulator (PSR) issued a policy statement on compliance with the FPS APP scams reimbursement requirement, detailing PSP obligations for reporting and consumer protection. Feedback is sought on draft guidance and a call for information on BigTech and digital wallets. The PSR also launched a consultation on assessing APP claims related to civil disputes...